JetCoin 2.0 Review: Trading facade dropped, same Ponzi scam

One of the unspoken rules of the MLM underbelly is that once tainted, a company name forever remains tainted.

Thus if the admin(s) of the original scheme which to defraud again, they need to come up with a new name.

The tainting of an MLM underbelly scheme typically comes about through regulatory intervention or the scheme collapsing.

JetCoin collapsed recently due to the latter. And despite having only launched barely a month ago and the ashes of the original not even cooled, a new scheme bearing the same name has just been announced.

Read on for a full review of the JetCoin 2.0 MLM opportunity.

The Company

As with the original JetCoin 2.0 provide no information about who owns or runs the business on their website.

Scott Chandler, Greg Aggesen, Brett Robinson and Troy Redja, are widely cited by JetCoin affiliates as being at the top of the original’s investor base.

It is widely speculated that the trio had a hand in running the scheme, however I myself haven’t seen any concrete evidence of this.

Joining JetCoin 2.0

Full participation in the JetCoin 2.0 income opportunity requires an investment of between 0.1 to 4 BTC.

The more a JetCoin 2.0 affiliate invests the higher their income potential via the JetCoin 2.0 compensation plan.

Conclusion

JetCoin initially launched with the cliched trading ROI ruse to explain how it was generating affiliate ROIs.

There’s no mention of trading on the JetCoin 2.0 website but it’s still the same Ponzi model.

You invest bitcoin and JetCoin 2.0 use that money to pay off existing investors. Referral commissions are tied to investor recruitment (pyramid fraud), without which there’s no money to pay ROIs with.

JetCoin collapsed before it paid anyone more than they invested. The only people who might have made money in it are those who invested little but convinced others to invest a lot.

The bulk of the money was stolen by those running the scheme.

Regardless of whether the same people are behind JetCoin 2.0 or not, the same thing is going to happen.

Probably a lot faster this time around as investor confidence in the “JetCoin” name is shot.

What that means for you as a potential investor is if you thought losing your money within a month was bad enough in JetCoin, expect to lose it much faster in JetCoin 2.0.

Update 26th July 2017 – Cecilia Wong of the JetCoin Institute has been in touch to advise they have nothing to do with JetCoin the Ponzi scheme.

We are a proper company who have worked hard to establish our digital token Jetcoin (JET) in sport and entertainment and are extremely disappointed to see that some other unscrupulous companies have taken advantage of our name (and logo in some instances) to confuse innocent individuals looking to invest.

We are currently listed on Coin Market Cap as an ERC-20 Token built on Ethereum.

It came to our attention that these other companies existed when we started receiving a host of emails from people who were not even in our database of customers.

These people thought we were them and started questioning us about their investments.

Then we noticed that we were also getting slandered by many different individuals on social media, so we launched an investigation into this matter to find out what was happening.

We can’t blame these people as our name squatters have actually used our logo in some of their social media and are obviously trying to influence people into thinking they are either us or affiliated with us in some way.

We have reported this to the relevant social media and Instagram has already taken down their page. We are still waiting for the rest of social media (YouTube, Facebook) to get back to us.